(Reuters) -Electric vehicle company Fisker said on Thursday that it would add dealerships alongside its direct-to-customer distribution model to expand its sales and delivery network. The California-b[...]
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January 4, 2024
US online holiday spending up 5% on steep discounts, BNPL options – report
(Reuters) – Online spending by U.S. shoppers rose 4.9% during the 2023 holiday season, an Adobe Analytics report showed on Thursday, as intense promotions on items such as electronics and appare[...]
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Euro zone business activity shrank again in Dec, pointing to recession -PMI
By Indradip Ghosh BENGALURU (Reuters) – The contraction in euro zone business activity continued at the end of 2023 due to a persistent downturn in the dominant services industry, a survey showe[...]
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US job cuts fall back in December but nearly double for all of 2023
By Amina Niasse NEW YORK (Reuters) – U.S. employers slowed layoffs in December, with the fewest announced job cuts since July, although the total for all of 2023 was the highest since 2020 when[...]
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Japan Airlines counts losses from wrecked Tokyo plane
By Daniel Leussink, Nobuhiro Kubo and Kaori Kaneko TOKYO (Reuters) -Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it col[...]
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Argentina govt sees monthly inflation in December around 30%
BUENOS AIRES (Reuters) – Argentina’s inflation likely hovered around 30% in December, presidential spokesman Manuel Adorni said on Wednesday, when asked by a reporter about studies showing[...]
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South Korea sees slower economic recovery, inflation cooldown
By Jihoon Lee SEOUL (Reuters) – South Korea’s government will put its focus on supporting people’s livelihoods and managing risk factors, as it cut the country’s 2024 GDP forec[...]
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Citi targets China investment bank unit launch, 30 new hires by end 2024-source
By Selena Li HONG KONG (Reuters) – Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a[...]
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US plans $162 million award to Microchip Technology to boost production
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it plans to award Microchip Technology $162 million in government grants to step up U.S. production of se[...]
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